Gerardo Del Real,
Editor
June 11, 2025
I pride myself on being a contrarian in the resource space who likes to mitigate risk as much as possible while retaining the greatest potential upside.
Do I get all of them right? Of course not. Have we made the right ones count? Thankfully, yes.
A big part of that is knowing what I own… and not confusing share price for value and betting on that.
On 19 May 2025, Perpetua Resources announced that the United States Army Corps of Engineers had issued the Clean Water Act Section 404 permit for its Stibnite Gold Project in Idaho.
That decision arrived after two site visits (by yours truly) and eight years of rigorous interagency federal permitting. The permit was the last federal permit required to progress the Stibnite project towards construction. With the permit now in hand, Perpetua is focused on finalizing the remaining state permits and securing project financing needed to begin construction.
Being granted a permit in the United States is never easy… and congrats to the team, who worked extremely hard to get there.
As often happens in the space, in the last 6 months, the stock had multiple single-day pullbacks of 20%-plus, leaving investors asking what was wrong. A fair question, by the way.
We touted the stock a bit over a year ago at the C$4 range. I had purchased it in the portfolio at the C$6 range and, at one point, was down about 50% on the position.
Anyone who’s been in the space for any amount of time knows that’s the norm. I knew what I owned. My advice for months was simple: Sit tight.
Stibnite is now projected to be one of the highest-grade open-pit gold mines in the United States with gold reserves of approximately 4.8 million ounces and is expected to produce approximately 450,000 ounces of gold annually over its first four years of production.
Additionally, Stibnite holds an estimated 148-million-pound antimony reserve — the only identified antimony reserve in the US and one of the largest reserves outside of Chinese control. It’s now estimated that Stibnite could meet about 35% of US antimony demand during its initial six years of production. There are not a lot of those.
So… ignore the noise and let someone buy your shares at much higher prices. Shares are now at C$22 and guess what: It's still cheap in my opinion.
As it turns out… nothing was wrong with PPTA. What we saw was essentially an overreaction to noise that people would have known was noise if they simply knew what they owned.
There are a lot of triple-digit winners in the Junior Resource Monthly portfolio right now. There are also quite a few companies that are primed for quadruple-digit wins along with companies that are so under the radar that most people haven’t even heard of them — yet!
In this market, that’s how you make real money. Buy early, know what you own, do your research, and wait for the catalysts to materialize.
We are currently set up for an epic commodities bull market.
So whether you’re an accredited investor running a home office or simply looking for longer-term plays with exceptional upside, Nick Hodge and I have put together a phenomenal suite of products from crypto to resource stocks to private placements that you should consider.
Let’s get it!
Gerardo Del Real
Editor, Daily Profit Cycle